Rusal shares jump nearly 15% on possibility of sanction resolution

UC Rusal’s share value rose by 14.8% on the Hong Kong Stock Exchange on Monday July 23 after the US Treasury said late on Friday it was open to lifting sanctions on the Russian aluminium producer.

“Our objective is not to put Rusal out of business,” secretary Steven Mnuchin told Reuters on Friday ahead of G20 finance meetings over the weekend in Argentina.

Rusal shares touched...

Published

Justin Yang

July 23, 2018

17:42 GMT

London